Dax trapped in short term downtrend

Since the AlltimeHigh at 12,500 the Dax consolidated since today round about 1000 points. As long as the current short trend ist valid and continues (courses less 11750 or last valid "3") we can exspect new lows. A first conceivable target price on the bottom would be the 38 Fibonacchi retracement at 10860 points, which is corresponding by Voigt's 123 -Market-Technique with a new "2" .
Only prices higher than 11750 bright on the chart image and open the way to the ATH . Above the ATH at 12500 further upsidemovement can be expected. http://www.marihuana-aktien.de